MNBEY - MinebeaMitsumi Looks Seriously Undervalued But There Are Significant Upcoming Challenges
Japan’s MinebeaMitsumi (“Minebea”; also sometimes written as “Minebea Mitsumi”) (MNBEY) (6479.T) is certainly not a household name to most investors, but this odd mix of precision machined and electrical components is a strong leader in several attractive markets, and has uncommonly robust opportunities to drive improved operating and product synergies in the coming years. At the same time, though, the company is facing some significant product cycle risk and there are no guarantees that the synergy efforts will pan out.
Minebea looks undervalued on the basis of long-term revenue growth of just 3%,